Automundo China

American EV maker Tesla (TSLA) is losing its edge to the Chinese powerhouse BYD ($BYDDF) as the competition for AI (artificial intelligence)-powered driving technol...

China's EV Market Faces a Dramatic Slowdown: What You Need to Know! - La Noticia Digital

BYD has introduced advanced driver-assistance systems (ADAS) for free across 21 models, creating significant disruption in the EV market. This strategy allows more consumers access to high-tech features, particularly with the budget-friendly Seagull model. The introduction of “God’s Eye” technology places pressure on competitors like Tesla, who have higher starting prices for similar offerings. Analysts predict a potential price war in China’s electric vehicle sector as companies scramble to respond to BYD’s aggressive pricing. The landscape for innovation in the EV industry is shifting, prompting rivals to reconsider their market strategies. Companies like Leapmotor are already adapting by launching EVs

Xiaomi Auto has suddenly reached an agreement with Hyperion Leasing (Tianjin) to promote the export of electric cars to core markets.

BYD founder and Chairman Wang Chuanfu says the move marks ‘a new era when all customers can access smart driving’.

Xpeng was at 3,400 units, Li Auto 4,700, Zeekr 2,400, Leapmotor 2,700.

Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.

CATL continued to remain the world's largest power battery maker in 2024, with a 37.9 percent share that is higher than the 36.6 percent in 2023.

Chinese automotive manufacturers Changan Automobile and Dongfeng Automobile are reportedly planning to merge, aiming to enhance their global competitiveness by combining resources and technology. This merger is expected to significantly influence the Chinese automotive market, especially in the electric vehicle sector, creating stronger competition for major players like BYD.